For passenger automobiles used for business and placed in service after December 31, 2017 for which the additional first-year bonus depreciation deduction is not claimed, the maximum amount of allowable…

Overall Limitations on Itemized Deductions - Repealed Through 2017 the total amount of most otherwise allowable itemized deductions (other than the deduction for medical expenses, investment interest, and casualty, theft…

Present Law Individuals may claim itemized deductions for certain miscellaneous expenses. Certain of these expenses are not deductible unless, in aggregate, they exceed two percent of the taxpayer’s adjusted gross…